Wazz’s Alphabet token snapshot shows why volume and liquidity rank differently

Wazz, who builds the tokenizedstonks tracker, showed on Nov. 5 that the Alphabet token with the highest trading volume in his snapshot did not have the most reported liquidity. Looking only at stablecoin pairs, he put bStocks’ GOOGLB on BNB Smart Chain ahead of Coinbase’s GOOGLc on Base by reported liquidity. Solana’s GOOGLx was close to the Coinbase token on that measure despite trading much less over the previous 24 hours. The screenshot showed $2.9 million in reported liquidity for GOOGLB, $1.9 million for GOOGLc and $1.8 million for the Solana version of GOOGLx, issued by xStocks.